Activities 
/ DEVELOPMENT

Ness’s approach to development utilizes a unique blend of strategy and imagination. We aim to create a successful balance between ambitious development visions and investment fundamentals. We are experts in identifying value potential. Value is added through our extensive development and redevelopment experience and the expertise of our in-house construction staff. The development team works with the acquisition team to determine the business plan, scope of work and the required capital budget for improvements. By leveraging our in-house talent, we tailor creative solutions to specific assets and markets.

Ness possesses in-house expertise across all phases of the ground-up development process, which include:

  • Site selection
  • Entitlements
  • Construction financing
  • Conceptual design
  • Project management
  • Asset management

Ness targets the development of properties with the following characteristics:

  • Multifamily residential, commercial, and mixed-use
  • Land acquisitions (entitled and unentitled)
  • Located throughout the Los Angeles area
  • Urban infill and high-growth suburban sites
  • Attractive premium between yield on cost and existing capitalization rates